Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Wisconsin
WINMMPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,165.00
Year-over-Year Change
-31.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry in Wisconsin. It provides insight into the productivity and economic output of this important manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Wisconsin series tracks the inflation-adjusted value added by this industry to the state's overall economic activity. It is a key indicator of the health and competitiveness of Wisconsin's construction materials and other nonmetallic mineral manufacturing industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the performance and outlook for Wisconsin's economy.
Key Facts
- Wisconsin is a major producer of cement, glass, and other nonmetallic mineral products.
- This industry accounts for over 10% of the state's total manufacturing GDP.
- Real GDP in this sector has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the nonmetallic mineral product manufacturing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic output of an important manufacturing sector in Wisconsin, which is closely watched by policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the performance and outlook for Wisconsin's manufacturing-based economy and make informed decisions about economic development and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag period.
Related Trends
Housing Inventory: New Listing Count Year-Over-Year in Wisconsin
NEWLISCOUYYWI
All Employees: Manufacturing: Non-Durable Goods: Plastics and Rubber Products Manufacturing in Wisconsin
SMU55000003232600001SA
Average Weekly Earnings of All Employees: Construction in Wisconsin
SMU55000002000000011
State Government Tax Collections, Amusements - Selective Sales Taxes in Wisconsin
WIAMUSTAX
Transportation Carbon Dioxide Emissions, Residual Fuel for Wisconsin
EMISSCO2VRFACBWIA
Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Wisconsin
WINMPRPPSERVERENT
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Wisconsin (WINMMPMANRGSP), retrieved from FRED.